RMS 4.67% $1.91 ramelius resources limited

Ann: Diggers & Dealers Conference - August 2017 Presentation, page-41

  1. 950 Posts.
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    It looks like RMS is destined to make into the Guinness book of world records to stay highest number of days in the .40-.415 range.
    The price has been in this range since 18/04/17 till date, with the exception of 10-12 days of uptick just before and after the GDXJ reshuffle. During this time roughly 260-270 million shares have changed hand on ASX and another 40-50 % on CHI-X. No substantial holder announcement except Ruffer/VanEcK which means same shares are circling back & forth.

    Last week I went to Resource Rising Star conference in Sydney to see the MOY CEO.
    I was sitting next to a gentleman who was an advanced trader/investor. In the course of speaking he mentioned about RMS and stated huge cash backing, other than that he didn't knew much about the company. I told him I have a decent position and have faith in management. He said everyday he watches closely to make a move but the price is doing nothing. He won't buy until the price starts moving. That was a big eye opening for me and somehow an explanation why the price is not moving.
    The price is not moving because new people won't buy until the price moves &
    the price won't move until the new people buy.
    We holders are scratching our head.

    People buy in looking at the prospects but the price does nothing for days & weeks.....they sell.
    Next and so on and on.
    Suffice to say, somehow RMS is failing to attract enough new buyers.
    I am still holding.....but man.....it's testing my patience which everyone has only limited amount.

    Maybe gold needs to be 5000 dollars for RMS to move.
 
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Last
$1.91
Change
0.085(4.67%)
Mkt cap ! $2.180B
Open High Low Value Volume
$1.90 $1.91 $1.87 $4.797M 2.533M

Buyers (Bids)

No. Vol. Price($)
1 311 $1.90
 

Sellers (Offers)

Price($) Vol. No.
$1.91 77570 9
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Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
RMS (ASX) Chart
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